First thing first, don’t you ever compare EAC block with any other economically integrated areaS in the world due to the following credentials;
(1) East African countries are “natural trading partners” as compared to any other block due to the fact that they almost share same border, easy access to travel and cross the borders within the block. In addition, for the labour market purposes, EAC countries shares same languages or they can easily communicate (Swahili), same culture, values, similar/equal education standards as compared to European countries where by each country has its own language, culture and standards.
(2) As compared to Euro or other blocks in the world, EAC members are “almost similar on the level of economic development and they experience almost similar economic difficulties” as compared to Euro area where the differences on the level of economic development is absolutely ridiculously massive.
(3) Also, just conduct some scientific investigations to see how EAC countries are responding to external (world) market shocks. In Europe, each country responds very differently on external shocks. Just make a follow-up on how each country within the Euro zone have responded to the world economic crisis. Very different. And now compare with the responses (damage) of the EAC countries to the previous world economic crisis. Very similar, which is a good indicator to have same currency.
Always remember the above points before criticizing the proposed EAC single currency. Basically, a single currency is aimed at eradicating “transaction costs within the zone” and also to enhance trade and exchange within the block. There are no political reasons behind as you tried to note your majesty Mashaka on Michuzi Blog.
Also, don’t you ever, ever, ever never and neeeever say in such an easy way that “UK or Great Britain” opted out of entering into the Euro Financial regime and without mentioning the scientific reasons why they opted out. Anyway back to school, I’ll tell you three reasons;
(a) Britain’s pound is “Over valued”.. The value of the pound is not an actual market value. They are protecting their manufacturing industries and their whole market. And that is why their economy is being stuck at the same level for the past 15-20 years. If you do that in Tanzania (over value), no investments will flow, we are going to die. Straight up.
(b) British Economy “depends on the banking (Financial) sector”, therefore by adopting a Euro currency implies loosing “Financial sovereignty” i.e. loosing freedom on their main economic sector. They cannot do that anytime soon. Mind you that, the model of the banking sector of Britain is totally different to that of the US or any other developed country, for instance their Central bank is privatized (Go into the bank of England websites to learn more).
(c) Euro is not an “optimal currency area” in terms of speed of trade and the differences on the exchange rates of their local currencies. That’s why it took them 50+ years to wait the convergence criterion to start blowing. Nothing political there Mr Mashaka, all scientific.
Therefore, those three points are the main reasons why Britain opted out from adopting a euro currency and exchange rate. Also, it is worrying me the intensity and validity of some of your points. For instance when you say that “Politically, Socially and Economically the EU is far ahead of the US” in sukuma we say “NDUHU GETE” meaning “Hell Noo”… For instance, Politically Euro zone is not stable as compared to the US except very few countries…
Lots of Bombing going on within the EU (Norway), and who are bombing?, guess what, they are Euro citizens. Socially, Euro area is not user friendly in terms of freedom of speech etc. Refer to the London riots and the negative coverage of the entire situation. They are still very traditional and very racist as compared to the US where by many races are just normal and given real equal opportunities especially by the media. Find data on the number of foreigners being killed or not considered for social services in Euro areas because they are coloured, u’ll be surprised.
Economically, Euro is bankruptcy (broke) at the moment. All EU countries are looking for “bail out” from other countries and international financial institutions. Please don’t you ever say EU is doing better than US. Hell no. “US is BORROWING from China, which is good”.. “Euro countries are BERGING FOR AIDS from IMF and other more saving countries” i.e. at the moment there are no financial differences between EU countries and Sub-Sahara African countries. Ha ha ha.
SCIENTIFIC/MATHEMATICAL EDUCATION FOR THE YOUNG-FELLA MASHAKA
The former EAC community did not collapse due to political differences of the three countries. Those are primary school arguments and vijiweni bullet points. Please don’t tell me that’s what you know as well!. There are two reasons been proven mathematically/scientifically that they led to the collapse of the former EAC in 1977;
(i) Uganda’s and Tanzania’s Economies were growing faster (converging) than Kenya’s economy. And that happens all the time at the initial stages of an integration e.g. Poland, West and East German, Greece, Portugal, Ireland, Wales in the UK, Northern Ireland in the UK, e.t.c
(ii) Kenya was contributing more to the running of the day to day activities of the EAC community, therefore they wanted more voting seats where by Tanzania and Uganda rejected citing that they did not want Kenya to have direct influences on their domestic and day to day local decisions. There are no scientific/mathematical proof of the political differences though I’ve heard vijiweni for many years.
And here we come, like many others criticizing the one currency suggestion, you have no vivid arguments that can prove that it is dangerous to have a common currency which is aiming at reducing transaction costs, promoting and expanding local produces. In addition, please don’t be a typical Tanzanian who first think about failure (negativity) of something instead of being positive on something that “may or might” do some good in the future. i.e. do not worry about bailing one another, we’ll sort out if it happen in the future. IMF, as how it is doing in Euro zone, is still there so it’ll bail us out, why not.
Also do not worry about factors such as Uniform wages or other unified things as they tend to be long-run regulated or automatically determined by the market, i.e. no need to form a committee to do that as it is wastage of resources on things that are market determined.
Let me finish in Swahili: usiwe na roho mbaya kwa vijana wa kitanzania ambao wamemaliza shule na vyuo na wana-qualification zote zinazotakiwa na soko lakini wamekosa kazi kutokana na soko (uchumi) wetu kua mdogo. Tunapofungua milango na kupunguza transaction costs za soko basi tutakua tunawasaidia vijana hawa kupata soko la bidhaa (elimu) zao.Pia waonee huruma wakulima ambao mazao yao yanaharibika mashambani kwa kukosa masoko. Tuonee huruma bwana mdogo angalauna sie tupate soko la ziada. National pride haionyeshwi kwa mipaka ya nchi, inatoka mioyoni mwa wananchi. Acha hizo.
Godfrey C.N. Wachita
(8th/9/2011)..
wewe wichita, wafuasi wa nabii wakiamka utatafuta pa kukimbilia. hujui kwamba mashaka anasujudiwa kwenye hii blog. sasa mimi pamoja na uzoefu wangu wa kusoma mambo hata sijakuelewa, haueleweki na pointi zako ni gongana gongana
ReplyDeletei have said, many times that mashaka john does not exist. it is an imagery name michuzi created to promoted readability in his blog. you cant have someone so brilliant and people never see him either in parliament or elsewhere
ReplyDeleteBERGING FOR AIDS from IMF????
ReplyDeleterudi ukajifunze kiingereza kwanza
yaani hawa watu wanaoficha majina
yao kamili
wananiboa kweli. ukiona wanaficha
majina basi kuna tatizo, lugha gongana
NDUGU WACHITA
ReplyDeleteNADHANI UMESOMA LAKINI HAUJAELEMIKA. PAMOJA NA HISTORIA YAKO NDEFU SIJAELEWA UNACHOKIMAANISHA KWENYE MAANDIKO YAKO. MASHAKA KAMA SIJAKOSEA, MASHAKA ALIZUNGUMZIA HATHARI ZA SARAFU MOJA KATIKA JUMUIYA YA AFRIKA MASHARIKI. WEWE UNATUFUNDISHA HISTORIA YA AFRIKA MASHARIKI NA POUND YA UINGEREZA. NINGEKUWA MIMI MWALIMU WAKO NINGEKUPA MAKSI 45% MASHAKA NIKAMPA 98% SIJUI UNANIELEWA? HII NI KWA MAANA KWAMBA, MASHAKA ANAJENGA NA KUTETEA MADA ZAKE MWANZO HADI MWISHO. ALICHOZUNGUMZIA NI SARAFU NA AKATOA SABABU AMBAZO HATA MIMI NILISHAWISHIKA KUTOIUNGA MKONO JUMUIYA YA AFRIKA MASHARIKI. NIMEKUSOMA PIA LAKINI SIJARIDHIKA. HABARI NDO HIYO
mkuu mbona hauna ustaarabu, ni kama vile unamtukana mashaka john? hovyoo kweli
ReplyDeletehuyu mtu atakuwa mhaya ni kama anajigamba vile, lakini kujigamba kwote pointless
ReplyDeleteHuyu Jamaa Mkenya, mbona anatetea hivyo sarafu ya pamoja?
ReplyDeleteWee jamaa wa hapo juu sasa uhaya umeingiaje hapa?Toa point acha kushabikia ukabila.Watu wengine weupe kweli vichwani na wepesi kumezeshwa kweli...Who the hell are you?
ReplyDeletethis guys english and reasoning just kills me. he is reporting the same old propaganda he learned at school. think on your own.
ReplyDeletedo not dissagree for the sake of dissagreing.
nani katika vijana wa bongo ana CV ya kuweza kupenya soko la ajira la kenya? Nyie fungueni milango waje halafu muwe wabeba mizigo wao, kwani nao hupenda ajira zetu za bwerere na kiingereza chao cha kijaluo.
ReplyDeleteMi siathiriki, niko nga'mbo.
wafuasi wa mashaka mnaonekana hamna idea mnachoandika na hamuelewi kabisa jinsi markets & currencies zinavyofanya kazi,yaani mmejaa uzalendo bila kutumia akili na mnampinga jamaa anayewaelewesha na hamna idea system ya sasa inawafanya hata nafasi zenu za kwenda mbele zinakuwa limited,anyway EA sio TZ peke yake wenye macho na kuelewa watasonga mbele nyie kaeni na mafisadi wenu wanaowatafuna usiku na mchana kwa ajiri ya uelewa wenu mdogo...imagine leo hii uwe na uwezo wa kuingia na kusoma any EA university for the same fee,qualification na bila kusumbuliwa na uhamiaji,na vipi uwezo wa kufanya kazi popote EA bila usumbufu wowote,hamuoni mtakuwa mmejisaidia wenyewe? one currency itafungua markets kwa wengi na kuondoa unnecessary transactions costs ambazo ni very expensive for any business...niko very sad na mashaka maana points zake sioni zikisaidia maendeleo yeyote EA zaidi ya kutumia talking points za UK conservatives waliopinga euro from the beginning,matatizo ya europe sio euro pekee kuna sababu nyingi tuu,mbona UK with pounds haifanyi vizuri kama Germany inayotumia euro? anyway nina hope wengi wanaoelewa na wazalendo wa kweli na wanaotaka EA kusonga mbele watashinda hii debate,my wish is for one passport,one currency,borderless EA etc ni mimi Mdau wa America
ReplyDeleteMi sikusoma hoja za mashaka lakini mambo aliyosema huyu bwana yananiingia akilini. Katika malumbano ya wanazuoni personal attack ambazo si matusi kama alivyofanya huyu bwana zinaruhusiwa. Ndio zinafanya mambo yanoge!! Wataanza kuulizana wewe ulisoma wapi, chuo chako kiko accredited? una degree ngapi? profesa wako ni nani? ume publish article na vitabu vingapi?... haya yananogesha mjadala. Au unasemaje mzee mzima michuzi? Huu mjadala uache front page tu enjoy. NO HARD FEELINGS eh
ReplyDeleteNorway is not part of the EU, it is part of the EEC, and it has one of the strongest and richest economies in the world.. get your facts right before posting them on the internet
ReplyDeletehuyu mtu ni wale watu wa kukurupuka. anakuja kunukuu vitu alivyosoma darasani? siwezi hata kuendelea kusoma historia anazotuelezea. tunataka analysis. mashaka mara nyingi anatoa analysis siyo guess wak kama hii hapa. huyu kama siyo mkenya basi ni dei waka, mbeba boxi huko ughaibuni. nyambafff
ReplyDeleteMie nadhani jamaa amebadilisha vizuri sana mwelekeo wa mtazamo wa soko la pamoja la EAC.. safi sana wachita
ReplyDeletebw. wachita, it takes lot of courage to take on mr, mashaka. his supporters are very mean, and will attack you from all angles, above all it takes a brilliant person to take him head on. you have tried but have not delivered to the level we expected you to. you are talking of something ttly different from things he talked about. i would give you a mere passing grade even though you have failed. thats my take
ReplyDeletehivi wewe ni nani unajaribu kutudhalilisha kwamba wafuasi wa mashaka hatuna uelewa? wewe ndo mbumbumbu. Wengine ni walifu vyo vikuu, anayoandika mashaka ni tofauti kabisa na pumba zako na uelewa wetu ni mkubwa mno. ungenadika ya maana wala usingepondwa. umeandika uharo ndo maana kila mtu anakuona kama masaburi
ReplyDeleteUnless we have flexible, dynamic but yet critical minds,Tanzania is not gonna take any useful steps ahead.The worse thing I see here is people have been triggered into believing that Mashaka can not go wrong in the course of his arguments, something which in my view is absolutely wrong and seems to be an ill-conceived idea.Guys, we need to accepts critics and diversify our views on issues in order to be able to widen up our minds.
ReplyDeleteOtherwise, bravo Mr. Wachita for at least showing people that there are other angles of thoughts.Remember,MASHAKA IS AND CAN NOT ALWAYS BE RIGHT in whatever he says.Therefore, we need people like Wachita to rescue others who can be easily mislead.